Required:

Prepare a profit variance analysis for Odessa, Inc. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

Odessa, Inc., reports the following information concerning operations for the most recent month: Master Budget based on budgeted 550 units) Actual (based on actual of 495 units) Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative 12,440 10,200 6,440 4.602 4.44) 13 214 12.100 8,250 5,280 Total variable costs 543,230 Fixed costs 4,255 9,182 8.760 22.197 525,611 4,400 8,800 Marketing Administrative Total fixed costs Operating profits 528,270